Finance World Magazine| Edition: January 2024
With the beginning of the new year, this month’s edition of Finance World magazine spotlights the global position of the United Arab Emirates's commanding role as an attraction for foreign direct investments. It explores the economic landscape of the UAE, navigating through the strategic initiatives and market dynamics that have propelled the nation into the Limelight. Among the multitude of global investments, the cover story highlights the top individuals who, discerning the immense potential of the UAE market, made lucrative gains through their strategic investments, contributing significantly to the nation's economic prosperity. Furthermore, the magazine thoroughly examines the factors that position the UAE as an attractive destination for FDI in various articles, such as "Benefits of Investing in Free Zones for Foreign Investors in the UAE", "Dubai Healthcare City's Impact on Empowering Business Growth", and “The Synergistic Impact: How Foreign Investments Fuel Local Economies in the UAE”. Moreover, this edition features insightful articles curated for individuals interested in investing or establishing businesses in the UAE. Explore essential information within pieces like "Complete Guide for Investing in Dubai Real Estate from India" and "DNFBPs: Safeguarding Global Finance Against Money Laundering." These articles offer comprehensive insights, aiding readers in navigating investment opportunities and regulatory considerations within the UAE market. Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
With the beginning of the new year, this month’s edition of Finance World magazine spotlights the global position of the United Arab Emirates's commanding role as an attraction for foreign direct investments. It explores the economic landscape of the UAE, navigating through the strategic initiatives and market dynamics that have propelled the nation into the Limelight.
Among the multitude of global investments, the cover story highlights the top individuals who, discerning the immense potential of the UAE market, made lucrative gains through their strategic investments, contributing significantly to the nation's economic prosperity. Furthermore, the magazine thoroughly examines the factors that position the UAE as an attractive destination for FDI in various articles, such as "Benefits of Investing in Free Zones for Foreign Investors in the UAE", "Dubai Healthcare City's Impact on Empowering Business Growth", and “The Synergistic Impact: How Foreign Investments Fuel Local Economies in the UAE”.
Moreover, this edition features insightful articles curated for individuals interested in investing or establishing businesses in the UAE. Explore essential information within pieces like "Complete Guide for Investing in Dubai Real Estate from India" and "DNFBPs: Safeguarding Global Finance Against Money Laundering." These articles offer comprehensive insights, aiding readers in navigating investment opportunities and regulatory considerations within the UAE market.
Keep yourself up to date with all financial sector news with our current news segments. Each person can find something unique from us. We believe our readers deserve real value from what we have to offer.
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Merger and Acquisition News<br />
EDGE Group Secures Control of ANAVIA, Leader in Autonomous Air Systems<br />
The UAE’s e& is set to expand its<br />
footprint in Pakistan through the<br />
complete acquisition of Telenor’s<br />
local unit, marking a strategic<br />
move to tap into Pakistan’s burgeoning<br />
telecoms market. The binding agreement,<br />
signed by Pakistan Telecommunication<br />
Company (e&’s listed entity) and Telenor,<br />
values the acquisition at 108B Pakistani<br />
rupees ($381M). e&, formerly Etisalat<br />
Group, aims to leverage this acquisition to<br />
focus on building an advanced next-generation<br />
network, fostering digital transformation<br />
in Pakistan. Hatem Dowidar,<br />
e&’s Group CEO, emphasized the strategic<br />
opportunity for market consolidation<br />
and reiterated the steadfast commitment<br />
to advancing Pakistan’s telecom sector<br />
through innovative solutions.<br />
EFG Advises $625M<br />
Eastern Co. Sale<br />
to UAE’s Global<br />
Investment<br />
EFG Hermes, a leading investment<br />
bank, has successfully<br />
concluded advisory services<br />
for UAE’s Global Investment<br />
Holding Ltd on a $625M deal. The<br />
transaction involves Global Investment<br />
Holding acquiring a 30% stake in Egypt’s<br />
Eastern Company, a tobacco giant, from<br />
the state-owned Chemical Industries<br />
Holding Co. EFG Hermes acted as the sole<br />
financial advisor for Global Investment<br />
Holding Ltd in this acquisition, which<br />
was approved by the cabinet. Maged<br />
El Ayouti, Managing Director at EFG<br />
Hermes, highlighted the deal’s significance,<br />
marking one of Egypt’s largest minority<br />
stake sales and a substantial foreign direct<br />
investment (FDI) transaction. Egypt’s<br />
largest tobacco product maker holds a<br />
consistent 70% market share.<br />
Geopolitical Tensions Lead to 26% Drop in<br />
Middle East and Africa Deal Activity<br />
Deal activity in the Middle<br />
East and Africa experienced<br />
a significant 25.7% year-onyear<br />
decline from <strong>January</strong><br />
to November 2023, according to a<br />
report by London-based GlobalData.<br />
The global deal landscape also saw<br />
a 23.6% YoY decrease, attributed to<br />
macroeconomic challenges and ongoing<br />
geopolitical tensions. A sum of 48,953<br />
deals, including mergers & acquisitions<br />
(M&A), private equity, and venture<br />
financing, were concluded during this<br />
period, compared to 64,092 deals the<br />
previous year. M&A deals were down<br />
by 16.3% YoY, while private equity and<br />
venture financing deals saw declines<br />
of 28.4% and 32.5%, respectively. The<br />
report highlights the uniform impact<br />
of macroeconomic challenges and<br />
geopolitical tensions on deal-making<br />
sentiments across regions. In North<br />
America, which led to deal volume,<br />
there was a 28.6% YoY decline.<br />
Cenomi Retail Sells 18 Brands to Al-Othaim,<br />
Fulfilling Transformation Commitment<br />
Cenomi Retail, a leading retail<br />
brand partner in Saudi Arabia,<br />
finalised a share purchase agreement<br />
on December 6, 2023, for<br />
the acquisition of 100% of Innovative Outfit<br />
Trading Company by Abdullah Al-Othaim<br />
Fashion Company. This strategic move<br />
involves the sale of franchise rights for<br />
18 brands and their assets, aligning with<br />
Cenomi Retail’s transformation program<br />
and focusing on Champion Brands in<br />
the Fashion, Electronics, and Food and<br />
Beverage categories. The SAR 120M deal<br />
is expected to positively impact profitability,<br />
with the divestment contributing to<br />
EBITDA growth by approximately SAR<br />
10 million annually. The transaction is<br />
contingent on regulatory approval from<br />
Saudi Arabia’s General Authority for<br />
Competition.<br />
54 www.thefinanceworld.com <strong>January</strong> <strong>2024</strong>
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